BUA commenced the development of a 700-ton-per-day (700TPD), 45mmscf Mini-LNG Plant with a groundbreaking ceremony held at Ajaokuta in Kogi State on Thursday, January 30, 2025.
Speaking at the event, the Founder/Executive Chairman of BUA Group, Abdul Samad Rabiu said: “This LNG plant, which we are doing the groundbreaking, also embodies that spirit.
“Upon completion, it will ensure that BUA’s captive power plants are provided with much-needed gas with limited supply downtime, thus enhancing our production and manufacturing capacity while positioning BUA to be fully integrated into the value chain of our energy supply operations”.
He stated that the project is a win-win for Nigeria and in line with President Bola Tinubu’s vision and promoting gas usage for cleaner energy.
Also speaking, the GCEO of NNPCL, Mele Kyari, said it was timed to have the 5 mini-LNG plants in Kogi State of which BUA LNG is one, considering its strategic location at the crossroads of Nigeria’s North and South, in Ajaokuta, Kogi State.
Afreximbank approves $200m facility for BUA to support expansion plans
According to BUA, the NNPCL will provide critical gas feedstock for a 10% stake in the plant, and BUA will provide 100% financing while driving execution.
The company added that the development was a testament that public-private partnerships under the right government policies can deliver transformative results.
It added: The BUA LNG plant will ensure cost efficiency, supply stability, and sustainability for BUA’s operations while reinforcing Nigeria’s industrial future.
“Covering a land area of about 16 hectares, it will primarily serve BUA’s captive power plants across its manufacturing businesses in Nigeria and provide gas for other uses within the country. This is geared towards operational efficiency in alignment with the national energy transition initiative.”
Others present at the event were Kogi State Governor Usman Ododo; the Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo; and the NNPC Board Chairman, Pius Akinyelure; among others.
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